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U.S. Dollar / Canadian Dollar
Short

Possible USDCAD short idea.

By ADTSCEO
Updated
Price has reached the resistance line and showed some rejection but we have to wait for retest before entering.
Not financial advice. Do your own analysis and confirm it.
Trade active
Comment
This trade is based on top down analysis. You can check weekly TF and see the red candle.
Comment
Price has retested the level and showing rejection.
Comment
Price is showing rejection but waiting for NY Session for huge down move.
Comment
Setup still valid. Don't worry, price is going to reverse again from that point because there is a long upper wick on the candlestick
Trade active
I shorted more USDCAD since it has reached the supply zone and made a long upper wick candlestick. Have to wait for NY session for price to move down.
Comment
Closed the trade manually because couldn't wait for too long. Congrats on those who followed this trade.🎉
Support and Resistance
ADTSCEO

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